Description

This fully entitled 40 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be Ã¢â‚¬Ëœvery low incomeÃ¢â‚¬â„¢ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!

School Ratings & Info

Description

This fully entitled 40 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be Ã¢â‚¬Ëœvery low incomeÃ¢â‚¬â„¢ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!

35Th
And J Street
, #0
San Diego,
CA
92102

Price: $2,750,000

Status: ACTIVE

Updated: 38 min ago

ID#: 180053610

0

Beds

0

Baths

0

½ Baths

0.89

Acres

Neighborhood:

Mount Hope

County:

San Diego

Area:

San Diego (92102)

Property Description

This fully entitled 40 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be Ã¢â‚¬Ëœvery low incomeÃ¢â‚¬â„¢ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!

Exterior Features

Property Features

Additional Property Use
N/K
Age Restrictions
N/K
Approved Plans
Yes
Cfd Mello Roos Fee
0
Community
San Diego
Cross Streets
35th And J St.
Highest Best Use
Multi-DwellingResidentialOther/Remarks
Home Owners Fees
0
Mandatory Remarks
None Known
Monthly Total Fees
0
Occupied
Call Listing Agent
Other Fees
0
Possession
Close Of Escrow
Sales Restrictions
N/K
Short Sale
No
Terms
Cash
Utilities Available
N/K
Utilities To Site
N/K
Water
N/K
Water District
City Of San Diego
Zoning
Rm-1-1